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Business & Finance

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Illustration (Courtesy of US DOE)
Business & Finance

Unites States makes available $10 million for lab-led marine energy research

The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has launched a $10.5 million call for new marine energy projects, expected to advance the research and development of this renewable energy industry.

about 3 years ago
Volstad Maritime selects NES for Grand Canyon II vessel upgrade
Business & Finance

Volstad Maritime selects NES for Grand Canyon II vessel upgrade

Volstad Maritime has hired Norwegian Electric Systems AS (NES), a subsidiary of HAV Group, to deliver the battery pack and associated control system for battery charging for its Grand Canyon II offshore construction vessel.

about 3 years ago
Stolt Tankers
Business & Finance

Stolt Tankers: CII is causing headaches for chemical tankers

Norwegian shipping company Stolt–Nielsen Limited has joined the critics of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII), which comes into force in January 2023. The company explained why the CII is causing headaches for the chemical tanker segment and may even pro

about 3 years ago
FPSO passes recertification with flying colours, paving the way for charter extension
Business & Finance

FPSO passes recertification with flying colours, paving the way for charter extension

Classification society DNV has issued a recertification for an FPSO vessel working on an Enauta-operated field offshore Brazil.

about 3 years ago
More work lined up for semi-sub rig in Norway
Business & Finance

More work lined up for semi-sub rig in Norway

Oil and gas company Neptune Energy has extended a contract for the use of a semi-submersible drilling rig in Norway.

about 3 years ago
Rig moves to fourth well in Black Sea drilling campaign
Business & Finance

Rig moves to fourth well in Black Sea drilling campaign

Trillion Energy has spudded the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
RCL
Business & Finance

Meyer Turku, Finnish Govt to work on climate-neutral ships with RCL

The Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, has signed a deal with the US-based cruise major Royal Caribbean Group on sustainable shipbuilding in Finland. The parties signed a maritime declaration that lays the groundwork for the

about 3 years ago
UK firm expects its entry into Angola early next year
Business & Finance

With inroads made in Sonangol and INA deals, UK firm expects entry into Angola early next year

Afentra has made progress on completing deals with Sonangol and INA-Industrija Nafte to acquire interests in blocks offshore Angola.

about 3 years ago
HMM
Business & Finance

Report: South Korea needs to end public financing for fossil-fueled ships, including LNG

If Korea, the leading shipbuilder in the world, fails to rapidly embrace the clean energy transition in ocean shipping, it risks losing its foothold and dominance in the shipping and shipbuilding industries, a newly issued report says. The report was developed by Solutions for Our Climate (기후솔루션) an

about 3 years ago
Tullow expands its oil & gas portfolio in Côte d’Ivoire
Business & Finance

Tullow expands its oil & gas portfolio in Côte d’Ivoire

Tullow Oil has added a new license in Côte d’Ivoire to its asset portfolio, following the inking of a PSC for this offshore license.

about 3 years ago
Israel’s NewMed Energy sees ‘enormous potential’ for gas & oil off Morocco
Business & Finance

Israeli player sees ‘enormous potential’ for gas & oil off Morocco

Israel’s NewMed Energy has inked deals for the natural gas and oil exploration and production activities in a license off Morocco.

about 3 years ago
Fluxys offering 13 additional slots at Zeebrugge LNG terminal
Business & Finance

Fluxys offering 13 additional slots at Zeebrugge LNG terminal

Fluxys LNG, a part of Belgian natural gas transmission operator Fluxys, has decided to provide additional LNG slots at the Zeebrugge LNG terminal. With an intention to ensure increased LNG supply into Europe, Fluxys will be offering 13 additional primary slots to unload, store and regasify LNG cargo

about 3 years ago
steel cutting for Eastern Pacific Shipping
Business & Finance

Xiamen Shipbuilding cuts steel for 3rd EPS feeder

Chinese shipbuilder Xiamen Shipbuilding Industry, part of Fujian Mawei Shipbuilding, has held a steel cutting ceremony for a 2,900 TEU feeder being built for Eastern Pacific Shipping (EPS). This is the third vessel from a series of six firm vessels, ordered back in March 2022. Under the contract, EP

about 3 years ago
Odfjell asked to address nonconformities on semi-submersible rig
Business & Finance

Odfjell asked to address nonconformities on semi-submersible rig

Norwegian offshore safety regulator has carried out an audit of Odfjell Drilling and its risk management on one of its semi-submersible rigs.

about 3 years ago
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